Having breached their FFP agreement, Fenerbahce learned their sanctions on Friday - but they will not be banned from UEFA competitions.
Rangers reached double figures in their Europa League tie with minnows St Joseph's, Alfredo Morelos netting a treble at Ibrox.
Rangers scored four second-half goals to beat St Joseph's 4-0 in the first leg of their Europa League first-qualifying round tie.
Rangers will take on St Joseph's for a place in the Europa League second qualifying round, but a date for the first leg has yet to be set.
Having been removed from the Europa League, AC Milan released a statement insisting the club will pursue more robust financial stability.
After breaching financial fair play rules, AC Milan have been banned from next season's Europa League.
Roma were due to start training later this week, but those plans have been shelved amid doubts over when their season will begin.
A two-legged tie with the champions of Estonia or Macedonia awaits Celtic if they progress past FK Sarajevo in Champions League qualifying.
Rangers will face a trip to Kosovo or Gibraltar in their first Europa League outing, while Celtic drew Sarajevo in the Champions League.
Chelsea and Maurizio Sarri have parted ways as the Italian heads to Juventus after an up-and-down season in England.